10 Trending AI News Updates on Investors’ Radar

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company. On February 19, the company unveiled the newest member of its family: the iPhone 16e. Featuring its agile A18 chip, Apple Intelligence, an extraordinary battery life, and a 48MP 2-in-1 camera system, the new addition to the iPhone 16 lineup promises powerful capabilities at an affordable price point.

This phone aims to capture mid-market customers at home and in crucial growth markets in China and India. The 16e will cost $599, boasting features closer to Apple’s flagships and a chip powerful enough to run Apple Intelligence, its personal intelligence system, with access to ChatGPT.

“iPhone 16e packs in the features our users love about the iPhone 16 lineup, including breakthrough battery life, fast performance powered by the latest-generation A18 chip, an innovative 2-in-1 camera system, and Apple Intelligence. We’re so excited for iPhone 16e to complete the lineup as a powerful, more affordable option to bring the iPhone experience to even more people.”

-Kaiann Drance, Apple’s vice president of Worldwide iPhone Product Marketing.